RELEASE: pr6153-11

CFTC Announces Public Meeting of the Technology Advisory Committee

Committee to Focus on Market Structure, the Role of High Frequency Traders, and Interim Recommendations of the Subcommittee on Data Standardization

Washington, DC – The Commodity Futures Trading Commission (CFTC) announces that on December 13, 2011, the CFTC’s Technology Advisory Committee (the “TAC”) will hold a public meeting at the Commission’s headquarters in Washington, DC. This year-end meeting will focus on three significant issues facing the futures and swaps industries as the Commission continues to finalize rules under the Dodd-Frank Act. Those issues are: (1) what we can expect to see in the new trading environment of swap execution facilities (SEFs); (2) defining, classifying, and observing high frequency traders (HFTs) and their impact on the markets; and (3) and interim recommendations from the Subcommittee on Data Standardization on universal product and legal entity identifiers, standardization of machine-readable legal contracts, semantics, and data storage and retrieval.

“The topics covered by the TAC today represent several interesting technology related subjects the Commission will be dealing with next year. It is my hope that we can draw on the extensive market expertise of our members to identify and highlight possible policy solutions in each of the three topic areas,” stated Commissioner Scott D. O’Malia, Chairman of the TAC.

The TAC meeting is open to the public with seating on first-come, first served basis and will be webcast via the internet. Audio of the meeting will be available via a listen-only conference call. Additionally, a video recording of the meeting will be published through a link on the CFTC’s website.